QCM Cayman Ltd. Sells 30 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

QCM Cayman Ltd. lessened its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 730 shares of the company’s stock after selling 30 shares during the period. Super Micro Computer accounts for 11.2% of QCM Cayman Ltd.’s investment portfolio, making the stock its 6th biggest holding. QCM Cayman Ltd.’s holdings in Super Micro Computer were worth $208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SMCI. International Assets Investment Management LLC purchased a new position in Super Micro Computer during the 3rd quarter worth approximately $599,000. CWM LLC grew its stake in Super Micro Computer by 9.4% during the 3rd quarter. CWM LLC now owns 510 shares of the company’s stock worth $140,000 after buying an additional 44 shares during the last quarter. AE Wealth Management LLC grew its stake in Super Micro Computer by 77.7% during the 3rd quarter. AE Wealth Management LLC now owns 11,463 shares of the company’s stock worth $3,143,000 after buying an additional 5,014 shares during the last quarter. DnB Asset Management AS purchased a new position in Super Micro Computer during the 3rd quarter worth approximately $2,744,000. Finally, Ritholtz Wealth Management grew its stake in Super Micro Computer by 146.3% during the 3rd quarter. Ritholtz Wealth Management now owns 2,145 shares of the company’s stock worth $588,000 after buying an additional 1,274 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,989 shares of company stock valued at $30,113,681. Company insiders own 17.60% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded up $44.84 during trading on Tuesday, reaching $761.86. The company had a trading volume of 8,245,838 shares, compared to its average volume of 9,896,123. Super Micro Computer, Inc. has a twelve month low of $93.19 and a twelve month high of $1,229.00. The stock has a market capitalization of $42.61 billion, a PE ratio of 61.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. The stock has a 50-day moving average price of $955.26 and a two-hundred day moving average price of $554.71. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.09 earnings per share. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Northland Securities lifted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. The Goldman Sachs Group assumed coverage on Super Micro Computer in a research note on Monday, March 4th. They issued a “neutral” rating and a $941.00 target price on the stock. Wedbush lifted their target price on Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Bank of America raised their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Argus assumed coverage on Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Moderate Buy” and an average price target of $949.85.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.